Human resources practices that aren’t compliant with the law can be a source of risk for many private-independent schools. When it comes to managing new hires and current employees, these risks are often related to different forms of discrimination.
Risk management must be an intentional process for the Business Office. It must be as much a part of your workflow as managing finances or facilities.
A primary way to protect your school from risk is through insurance policies. As the office primarily responsible for selecting and buying insurance, how can you confirm that your policy truly transfers risk and provides the protection you’ve paid for?
It’s inevitable that your school will employ vendors to help support some aspects of your operations. Whether these vendors provide transportation, food, construction, or some other service, all should carry adequate insurance policies.
Before you sign a contract and the vendor begins work, ensure each provides proof that the following policies and coverages are in place to protect their business and your school.
It’s not always easy to see ways that your school’s operations might put you at risk. But managing it effectively isn’t as hard as you may think.
Your team can manage risk by identifying exposures from past experiences or the experiences of others, seeing patterns, and considering new trends. Then identify ways you can prevent these risks from occuring now, or options you’ll have to mitigate if they occur in the future.
There have been 306 shootings on school campuses in the U.S. since the tragic events at Sandy Hook Elementary School in December 2012, according to Everytown For Gun Safety.
As horrible as it may be to think of an active shooter at your school, it can happen. This type of event is usually random and can occur with little or no warning (or where warning signs were missed).
Your school probably uses vendors in some capacity to help support your operations. This could include transportation, food service, contractors or builders, coaches, outside facilities management, medical professionals, office suppliers, and more.
While most schools engage with vendors, many do not use best-in-class contracts or agreements to solidify their working relationships. This can expose the school to significant risk and potential financial loss.
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